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Hive up 243% in 63 Days Thanks to Splinterlands

avatar of @twoitguys
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Since we saw the breakout 30 days ago, Hive is up 77%. Timing is everything and we can't thank enough Splinterlands for that. The huge number of players that this game brought to Hive is amazing. This new cashflow is putting pressure on the price, and from what a see in last Arcange and Hivetsat posts, Hive users have been powering up and more and more Hive is Withdrawn from the exchange like Bittrex and Binance. That's a great gamechanger that could bring Hive price to the height we saw Steem in 2008 (8.57$), well maybe not but we can dream.
let's quickly take a look at the charts.

From the start we can see on the volume profile chart that we have a strong support at 0.53$ and a resistance is forming at 0.596$.

On the weekly chart we can see we're still in a ascending channel. The least square moving average (blue line) is about to cross de midline (dotted line) following the one I traced meaning we can expect (if things continue this way) the price to climb to the orange Bband (0.71$), which I'm not expecting before sept. 20th... but who knows with all the new SPS players.

Tradeview Indicator are all int he same direction, we should buy. It doesn't much, and definitely not that you should buy, but it tells us that we have a good price action.

Next targets stay the same: t1: 0.71 t2: 0.83

buy-in 0.42-0.53

Thank you again for reading me. Good luck and good Profits. GGP


Not financial advice just my opinion! DYOR

Posted Using LeoFinance Beta